Boeing stock price pulled back for two consecutive days, moving from a high of $233.60 to the current $227. It remains nearly 30% from its lowest level in November last year. This article explores why BA shares will rebound this year.
Boeing stock has strong technicals
The daily chart shows that the BA stock price has rebounded from a low of $176.52, its lowest point in November to the current $227. It has remained above the Supertrend indicator, a sign that bulls are in control.